Page 10 - AfrOil Week 13 2021

AfrOil PERFORMANCE AfrOil

The Zinder refinery has a throughput capacity of 20,000 bpd (Photo: SORAZ)

The link will have a throughput capacity of to Benin in January 2020, with these arriving in
around 90,000 bpd, with commercial operations Cotonou a month later.
expected in early 2022. Meanwhile, Australian engineering firm
CNPC’s China Petroleum Technology & Worley has carried out design work for a 15-km,
Development Co. subsidiary is handling pro- 28-inch (711-mm) offshore pipeline that will
curement for the project and 13,000 pipeline link to a single-point mooring (SPM) for tanker
segments were shipped from the port of Tianjin loading. ™

ANPG board member: Angolan oil and gas

to attract $67.4bn over the next five years

ANGOLA ANGOLA’S oil and gas industry is set to absorb any specific future projects, but he did say that
more than $65bn worth of investment over the Angolan authorities were focusing on “variables
next five years, according to the National Oil, that bring better indices of economic viability
Gas and Biofuels Agency (ANPG). to these opportunities and consequently make
Belarmino Tchitangueleka, a member of them [more] attractive and feasible.”
ANPG’s board of directors, said during an He also recommended that Luanda take
investment forum in Luanda last week that action to improve infrastructure in the oil and
planned investments in currently active projects gas sector, noting that the country needed more
were expected to reach $67.4bn in the next half logistical hubs, service bases and other facili-
decade. Nearly a quarter of the total, or $16.8bn, ties to support offshore projects. The industry
will come from Sonangol, the national oil com- would, for example, benefit from the establish-
pany (NOC), he noted. ment of common systems for handling waste
Tchitangueleka also indicated that the products from exploration work, he said.
amount of money flowing into oil and gas was Tchitangueleka went on to say that Angola’s
on track to rise. He noted that Angola’s hydro- government was taking steps to make the oil and
carbon sector had absorbed $56.3bn over the gas sector more attractive to investors. Luanda
last five years and said that the projected $11.1bn has reformed the political structures responsible
increase over the next five years was in line with for overseeing the industry and is also trying to
global expectations for the industry at large. provide “fiscal and contractual stability, more
Additionally, he said ANPG hoped to open opportunities for service providers and a more
up new opportunities for investors by encour- transparent and competitive business environ-
aging the development of the country’s marginal ment,” he said. These changes are all “reasons to
fields and frontier basins. He did not identify invest in Angola,” he declared. ™

P10 www. NEWSBASE .com Week 13 31•March•2021